JUNE 22, 2016
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ROANOKE VALLEY REALTOR®                          Online  

 

  Roanoke Valley  Associathion of REALTORS

   



You are receiving this online newsletter as a benefit of being a member of the Roanoke Valley Association of REALTORS®. 
Membership Update Logo



   

Member Type | Count

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REALTOR@       1,151

Offices                     130

Affiliate                   224

      

Click here to see which RVAR members have switched firms, gone inactive, or joined recently.



IN THIS ISSUE
NAR Member Profile
Standard Forms Update
2016 New Laws
Advocacy @ Work
Save the Date - Membership Meeting
RVAR is Hiring!
NAR Announces Member's Gift Galleria
Save The Date - 2016 Golf Tournament
Save The Date - Five O'Clock Hops
VAR Relocation Day
REALTOR® Conventions in the Fall
Upcoming Education
Notice Regarding Commission and Compensation
NAR Member Profile -- How Do You Compare?
 
NAR recently surveyed a sampling of REALTORS® nationwide to determine the characteristics of today's typical REALTOR®. Ten years of experience, 11 transaction sides in 2015, with a sales volume of $1.8 million. The number of new REALTORS® continued to rise in 2015, with those having less than two years experience increasing from 17% to 28%. Click here to check out how you compare.
Standard Forms Update: Coming July 7th

Four RVAR standard forms will be revised in zipForms® as of Thursday, July 7th. Key revisions to the Purchase Agreement (and where applicable, the Lot/Land Purchase Agreement) include:
  • The Deposit paragraph will be revised to add the option for Purchaser to (a) pay Deposit to Escrow Agent at time of contract ratification OR (b) pay Deposit to Escrow Agent within 5 days after contract ratification ("Extended Deposit Date"). Also, an instruction will be added for the Escrow Agent, if a VREB licensee, to place the Deposit in an escrow account by the end of the 5th business banking day following the latter of (1) date of contract ratification OR (2) Extended Deposit Date.
  • The POA and Condo paragraphs will be updated to match minor updates in the laws going into effect July 1st.

  • Language will be added requiring written evidence to be provided to the Purchaser upon completion of all repairs made pursuant to Paragraphs 14 and 15.
Click here for a list of all of the upcoming revisions.
2016 New Laws

The following new laws will take effect on July 1, 2016, unless otherwise noted.

Agency/Licensing
  • The VREB will have the authority to grant exemptions to waive or reduce the number of CE hours required in cases of certified illness or undue hardship demonstrated to the VREB;
  • The law will be clarified that a written brokerage agreement is not required between a licensee and prospective buyer prior to showing properties;
  • The disclosure of brokerage relationship will not be required in commercial transactions;
  • The VREB will initiate a process of recording the names/license numbers for Supervising Brokers for branch offices, as well as the licensees working at a branch office. (The deadline for Supervising Brokers to register with the VREB is January 1, 2017.)
Condo/POA
  • The number of days for the payment of fees for association documents being charged at settlement will be extended from 45 days to 60 days to handle concerns over delayed settlements after the implementation of TRID.
  • The timeline for delivery and receipt of POA or Condo disclosure documents in a resale situation will be the same.
  • POA and Condo Associations will be prohibited from a list of charges and requirements related to rentals.
Home inspector licensing was also passed this year, though the law will not take effect until July 1, 2017. The delayed implementation provides time for DPOR to create new regulations that will allow certified home inspectors to transition to licensed home inspectors and set out the requirements for new home inspectors to get licensed.
 
Click here for more information, including VAR videos on these topics.
Advocacy @ Work  
Advocacy @ Work is a regular article aimed at updating members on what is happening in our region regarding Economic Development and/or Governmental Affairs.   

 

  • Access and ease to reliable transportation is a key to economic development.  At our recent Speaker's Forum, Tim Bradshaw, Executive Director with the Airport Commission talked about air service at the Roanoke-Blacksburg Regional Airport and presented some interesting observations about the common complaints of reliability and ticket prices.   First, the airlines operate in a free market environment and the airlines, not the airport, set ticket prices. Second, there are many factors that affect reliability and schedules.  Airlines are tightening up on all aspects of their business including not purchasing as many new planes and increasing passenger capacity with fewer flights.  Only if the airlines see a need to have more planes for more passengers, will they add more flights with newer planes. Another aspect of reliability is the current shortage of pilots.  The airlines often move available pilots to more profitable routes at the expense of routes like Roanoke.  This is a long term issue that will continue to plague the entire industry for the coming years. Mr. Bradshaw suggests flying in and out of Roanoke versus traveling to other cities to catch flights.  More passengers in and out of Roanoke will result in both better service and less expensive tickets.
  • On May 24th, Roanoke County Board of Supervisors approved the budget, including $3.2 million to expand the broadband fiber network in the County.  Broadband is critical for businesses to expand and locate in the region.  Thanks to members of the RVAR Board of Directors, Broker Council, Governmental Affairs and Economic Development Committees for expressing their individual support of the expansion.
  • Franklin County has announced plans for a new campus-style business park just off Route 220 that has the potential to accommodate two, pad ready sites in excess of 100 acres each.  Pad ready sites are often vital in attracting new businesses to locate here - think about Eldor and Deschutes.  Sites over 100 acres are even more difficult to locate.  When Franklin County investigated available sites in Virginia, there were only 8 available...in the entire state!  Franklin County may soon have 2 more.  And some companies have already expressed interest!   
Article provided by   Joe Sutliff , RVAR Director of Economic & Governmental Affairs.  
Membership Meeting -- Save the Date

RVAR will hold a Special Membership Meeting on Thursday, July 14th, 9:30-11:00AM at the South Roanoke County Library. The purpose of this Membership Meeting is to approve proposed Bylaws revisions intended to attract quality leaders to the Board of Directors by removing barriers (real or perceived) to the process for running for the Board of Directors.

A special notice will be sent to all members next week containing the substance of the proposed Bylaws revisions. Please mark your calendar for this special meeting.
RVAR is Hiring!

RVAR is seeking a person to fill a full-time position to help plan, promote and implement the various programs and events for the Association as well as continue to expand the successes of our Community Service projects. This person will serve as the Staff Liaison for the Program & Special Events, Affiliates and Community Service Committees, as well as help coordinate logistics for all the events of the RVAR.

Do you know someone who might be interested in this dynamic role as a team player who is detailed-oriented, energetic, and possesses the ability to plan and coordinate events and meetings? Communication and social media skills are preferred, along with knowledge of Microsoft software applications. The ability to multi-task is essential to this position. NOTE: RVAR employees are not permitted to have active real estate licenses.

Anyone interested should submit a resume and salary requirements to Joe Sutliff at the RVAR office.
NAR Announces Members' Gift Galleria

NAR is pleased to announce the addition of Members' Gift Galleria to its lineup of partner programs and offerings. Members' Gift Galleria was built exclusively for NAR members. Available at this private online shopping destination are deep discounts on a rotating selection of best-selling brands including Apple, Microsoft, Samsung, FitBit®, Cuisinart®, Kitchenaid® and other leading world-wide manufacturers.

The program also features a valuable rewards points program that allows members to earn reward points for every purchase, which may be redeemed during future purchases.

To get started, create a unique account with your NRDS ID: online at MembersGiftGalleria.com OR call the dedicated phone line at 888-434-6392 during business hours 10AM-7PM OR email the dedicated member services team at HelpDesk@MemberMarketplace.net
Save The Date!!
FORE!! -- RVAR's 2016 Golf Tournament

The 2016 RVAR Golf Tournament will be held at Hidden Valley  Country Club on Friday, September 9th  with registration and lunch at 11:00AM and shotgun start at 12:30. Hidden Valley is regarded as one of the best courses in the area and this should be a fantastic tournament. Plus, what better way to start your weekend!

More information will be available next month. Start putting your team together and come play for $1,000 in prizes (not including annual braggin' rights!) to the top two Net  and  Gross scoring teams and a   Hole in One contest.
Save The Date
5 o'clock Hops in Hardy / Westlake

5 O'clock Hops will be in Hardy / Westlake on Thursday August 25th at Sunken City Brewery, (40 Brewery Drive, Hardy, VA 24101) from 5:00PM 'til 7:00PM.  You are welcome to bring your significant other or friends!
 
No Registration Required for 5 O'clock Hops - just show up! And bring a friend!
  • Appetizers Provided!
  • Enjoy Sunken City Brewery's beer selection!
  • Door Prizes for REALTORS® & Affiliates! Bring a business card!   This event is sponsored by our fabulous 2016 Partner/Sponsors.

     This event is sponsored by our fabulous 2016 Partner/Sponsors.
VAR Relocation Day: August 11th

VAR's Relocation Day Conference, Thursday, August 11th 9AM-3:15PM, is a must for anyone who is involved in relocation whether it is with corporate clients, government groups or those who are moving for a promotion or new job. This Conference will be held at the VAR Headquarters in Glen Allen (just outside of Richmond.) This year's theme is "Relocation, Referrals and Beyond: Building and Growing Your Business using highly effective communication before, during and after the transaction". Click here for more information or to register. 
REALTOR® Conventions in the Fall   
 
VAR's Annual Convention moves to the Gaylord National Resort & Convention Center, in National Harbor, MD, September 19th - 21st. Network with REALTORS® from across Virginia plus attend a wide variety of educational classes. The keynote speaker will be Stefan Swanepoel, the leading authority and visionary on trends and technology in the real estate industry. 

NAR's Annual Convention will be held in Orlando, November 4th - 7th. Choose from more than 100 education sessions during the four days, plus the largest real estate trade show in the world, featuring nearly 400 exhibitors with the latest innovations and products. Plenty of networking opportunities plus a celebrity concert featuring Daryl Hall and John Oates and keynote speaker General Colin Powell. Plus REALTOR® Night Out at Universal Studios, where the entire theme park is reserved just for Convention attendees. 
Upcoming Education

Coming this fall: Save the date for the Annual Legal Update, October 12th, 9AM - Noon, featuring the return of VAR Deputy Counsel Blake Hegeman. This event will be held at the South Roanoke County Library. The specific topics to be covered will be announced soon.
Notice Regarding Commission and Compensation 
 
Under the long-established policy of the Roanoke Valley Association of REALTORS®, the Virginia Association of REALTORS® and the National Association of REALTORS®:
  1. The broker's compensation for services rendered in respect to any listing is solely a matter of negotiation between the broker and his or her client, and is not fixed, controlled, recommended or maintained by any persons not a party to the listing agreement.
  2. The compensation paid by a listing broker to a cooperating broker in respect to any listing is established by the listing broker and is not fixed, controlled, recommended or maintained by any persons other than the listing broker.
Our RVAR Family
Sympathy 
RVAR expresses sympathy to Robert Jessee of RealStar upon the death of his mother; and to Bill Mangus of Coldwell Banker Townside upon the recent death of his mother.        

Congratulations

Congratulations to Aisha Quarles, Housing Counselor for the Southeast Rural Community Assistance Project (SERCAP). Aisha received the Housing Specialist of the Year Award at the recent Virginia Association of Housing Counselors Conference.

Congratulations to those recently named in the 'Best Of' online contest sponsored by The Roanoke Times, which included categories for best real estate agents and best real estate firms. Some of RVAR's Affiliate Members were recognized, too!
 
Best of Botetourt 2016:
Best real estate agents
1. Pete Wood (RE/MAX All Stars)            
2. Todd Wampler (Wampler Realty)            
3. Shannon Hines (Long & Foster)   

 Best real estate firms
1. RE/MAX All Stars
2. James River Realty
3. Wampler Realty 
In the Best Places to Go for Financial Advice category, Bank of Botetourt took third place.

Best of Salem 2016:

Best real estate agents
1. Egon Hofmann (Barker Realty)
2. Scotter Darnall (RE/MAX Real Estate One)
3. Jack Frye (Young Realty) 
 

Best real estate firms
1. Barker Realty
2. RE/MAX Real Estate One
3. Young Realty 

Best of SWoCo 2016:
Best real estate agents                            
1. Rod Rowan (Lichtenstein Rowan)  
2. Robert Lichtenstein (Lichtenstein Rowan) 
3. Brad Thomas (Olde Colony Realty)
 


Best real estate firms
1. Lichtenstein Rowan
2. MKB, REALTORS®
3. Olde Colony Realty
 
In the Best Places to Go for Financial Advice category, HomeTown Bank took top honors and SunTrust Bank took third place.

David Bullington was ranked third in the Best Lawyer category.

Let RVAR know if you have news to share.  
Upcoming Events 

July 4th
RVAR Office Closed for Holiday
July 14th
Membership Meeting
August 25th
5 O'clock Hops Hardy/Westlake
September 5th
RVAR Office Closed for Holiday
September 9th
Golf Tournament
September 19th-21st
VAR Convention
 
Roanoke Valley Association of REALTORS®
Proudly Recognizes Our 2016 Partner / Sponsors

Platinum Level Partner / Sponsor





  
VIRGINIA VARSITY TRANSFER & SELF STORAGE

Diamond Level Partner / Sponsor

Lawrence Companies
Member One Federal Credit Union
Union Mortgage Group

Gold Level Partner / Sponsor

Acquisition Title & Settlement Agency, Inc
Allied Termite & Pest Control
BB&T Home Mortgage
Bill Meador Insurance Agency
Blue Eagle Credit Union
Bug Man Exterminating, Inc
Colonial Mortgage Co.
Consolidated Construction Services, Inc
First Choice Title & Settlement
Integrity Home Mortgage Corporation
Virginia Mountain Mortgage
Virginia Title Center, LLC
Virginia's All-American Movers

Silver Level Partner / Sponsor

Bank of Floyd
First Citizens Bank
HMS Home Warranty
HomeTown Mortgage
Seal-Tite Basement Waterproofing Co.
The Roanoke Times

THANK YOU! 
 
 
Roanoke Valley Association of REALTORS ® 
 www.RVAR.com |
(540) 772-0526 | Email